CWA Asset Management Group LLC Acquires 20,275 Shares of Cardinal Health, Inc. $CAH

Key Points

• CWA Asset Management Group LLC increased its stake in Cardinal Health by 22.1%, acquiring an additional 20,275 shares, bringing its total holdings to 112,015 shares worth $18.8 million.
• Cardinal Health reported an EPS of $2.08 for the latest quarter, surpassing the consensus estimate of $2.03, but had revenues of $60.16 billion, slightly below expectations.
• The company declared a quarterly dividend of $0.5107 per share, payable on October 15th, representing an annualized yield of 1.3% based on the current share price.

CWA Asset Management Group LLC grew its holdings in Cardinal Health, Inc. (NYSE:CAH - Free Report) by 22.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,015 shares of the company's stock after purchasing an additional 20,275 shares during the quarter. Cardinal Health makes up 0.8% of CWA Asset Management Group LLC's portfolio, making the stock its 23rd biggest position. CWA Asset Management Group LLC's holdings in Cardinal Health were worth $18,819,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CAH. Wellington Management Group LLP raised its holdings in shares of Cardinal Health by 1,666.7% in the 1st quarter. Wellington Management Group LLP now owns 2,384,192 shares of the company's stock valued at $328,470,000 after purchasing an additional 2,249,241 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Cardinal Health by 40.0% during the 1st quarter. JPMorgan Chase & Co. now owns 4,175,992 shares of the company's stock worth $575,327,000 after acquiring an additional 1,193,983 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Cardinal Health by 17,589.1% during the 1st quarter. GAMMA Investing LLC now owns 964,941 shares of the company's stock worth $132,940,000 after acquiring an additional 959,486 shares in the last quarter. Zurich Insurance Group Ltd FI raised its stake in shares of Cardinal Health by 4,935.9% during the 1st quarter. Zurich Insurance Group Ltd FI now owns 946,750 shares of the company's stock worth $130,434,000 after acquiring an additional 927,950 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Cardinal Health during the 1st quarter worth approximately $106,065,000. Institutional investors own 87.17% of the company's stock.

Cardinal Health Price Performance

CAH stock opened at $153.84 on Friday. The firm's fifty day simple moving average is $152.20 and its 200-day simple moving average is $149.44. The company has a market capitalization of $36.55 billion, a P/E ratio of 23.85, a price-to-earnings-growth ratio of 1.30 and a beta of 0.73. Cardinal Health, Inc. has a 12 month low of $106.98 and a 12 month high of $168.44.

Cardinal Health (NYSE:CAH - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.03 by $0.05. The business had revenue of $60.16 billion for the quarter, compared to the consensus estimate of $60.91 billion. Cardinal Health had a net margin of 0.70% and a negative return on equity of 74.45%. The business's revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 EPS. Cardinal Health has set its FY 2026 guidance at 9.300-9.500 EPS. As a group, sell-side analysts forecast that Cardinal Health, Inc. will post 7.95 earnings per share for the current year.

Cardinal Health Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $0.5107 per share. This represents a $2.04 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, October 1st. Cardinal Health's dividend payout ratio (DPR) is presently 31.63%.

Wall Street Analyst Weigh In

Several research firms recently commented on CAH. Wall Street Zen lowered shares of Cardinal Health from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 2nd. Robert W. Baird boosted their price objective on shares of Cardinal Health from $197.00 to $203.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Citigroup reissued a "neutral" rating and set a $170.00 target price (up previously from $157.00) on shares of Cardinal Health in a research report on Friday, June 13th. UBS Group reaffirmed a "buy" rating on shares of Cardinal Health in a report on Tuesday, August 12th. Finally, Jefferies Financial Group set a $150.00 price objective on shares of Cardinal Health in a research note on Tuesday, August 12th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $165.93.

Insider Activity

In related news, CEO Jason M. Hollar sold 35,901 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $150.04, for a total transaction of $5,386,586.04. Following the completion of the sale, the chief executive officer directly owned 200,000 shares in the company, valued at approximately $30,008,000. This trade represents a 15.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jessica L. Mayer sold 38,078 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $148.82, for a total transaction of $5,666,767.96. Following the sale, the insider owned 48,457 shares of the company's stock, valued at approximately $7,211,370.74. The trade was a 44.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 271,676 shares of company stock valued at $40,489,525 in the last quarter. Insiders own 0.12% of the company's stock.

Cardinal Health Company Profile

Cardinal Health, Inc operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally. It provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and patients in the home.

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